European stocks traded mixed on Friday, a day after the minutes of the European Central Bank meeting struck a hawkish tone indicating that rates would need to rise further to curb inflation.
The euro rose for the fourth straight day against the dollar after ECB's Executive Board member Isabel Schnabel said that "incoming data so far suggest that the room for slowing down the pace of rate adjustments remains limited".
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.